What are the advantages of conservatorship?
One distinct advantage of a conservatorship is the direct supervision by the Superior Court. All conservators are subject to the scrutiny of the court for the management of both the person and estate of the conservatee. The conservator must report all financial transactions to the court. Private conservators are required to post bond based on the value of the estate. Once the conservator has been appointed, he or she is responsible for the care of the conservatee, safeguarding, and managing the conservatee’s estate (if he or she has one).
Due to the complex legalities involved with conservatorship, it may be best if a private conservator is represented by his/her own attorney. It is also possible for a person to file for conservatorship on his or her own. A packet of the required forms is available at the Probate Examiner’s office within the Superior Court. Many forms are also available on the internet.